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Hrm, that's a bit of a red flag to me. Why bother raising so much money if you're not going to utilize it? Surely growing your business will outpace average ann
by meritt 12y ago
Hrm, that's a bit of a red flag to me. Why bother raising so much money if you're not going to utilize it? Surely growing your business will outpace average annual investment returns. I'm sure the investors have to be annoyed they basically just transferred their assets to Etsy to sit on and not utilize.
And now they're trying to raise an additional $100M via an IPO? It's not like Apple who are literally in the position of "We have so much money we don't know what to do with it."
- jonknee 12y ago> I'm sure the investors have to be annoyed they basically just transferred their assets to Etsy to sit on and not utilize. Considering they all stand to make a bundle through the IPO I'm sure the investors are collectively not-annoyed that Etsy hasn't wasted their money.
- bbcbasic 12y agoJust depends if the money could have been used for further growth, or not.
- kevin_thibedeau 12y agoThe only challenge will be timing when the Etsy fad bubble bursts.
- cloudwalking 12y agoI think people said the same thing about Ebay.
- peterjancelis 12y agoHaving cash on hand has optionality value (larger universe of possible deals and better batna in each deal negotiation).
- cloudwalking 12y ago> Why bother raising so much money if you're not going to utilize it? How do you know they aren't going to use it?